The Fundamentals of Invoices & Credit Notes - An Introduction for Accounts Staff

Introduction

It is important for everyone to be able to understand how invoices and credit notes are prepared and calculated. Not only to enable them to produce their own, but to be able to confidently check those received from suppliers.

This new webinar will look at the fundamental elements of preparing invoices and credit notes and provide an introduction to the key calculations involved.

What You Will Learn

This introductory webinar will cover the following:

• The documents to be used in preparing invoices and credit notes including:
• Quotations
• Discount policies
• Customer orders
• Delivery notes
• Price lists
• The difference between potential discounts offered such as:
• Prompt payment discounts (PPD)
• Trade discount
• Bulk discount
• How these discounts are shown on invoices.
• Calculate invoice and credit note amounts including:
• Item price
• Net
• VAT
• Total
• Trade discount
• Bulk discount
• PPD - How to use credit notes to adjust for PPD once taken.

This webinar was recorded on 13th September 2021